What is the concept of Insurance in Islam. Is it premissible in Islam.

From Askimam.org

Answered by

Shaykh Ebrahim Desai

Answer:

Conventional insurances contain elements of interest and gambling, which, are expressly prohibited in the Qur’aan. Hence, not permissible.

and Allah Ta’ala Knows Best

Mufti Ebrahim Desai

Original Source Link

This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

Tags: gambling, insurance, Interest

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